Divorce is never simple. For federal employees, it can become even more complicated when retirement benefits enter the picture. Many people assume their divorce decree covers everything. Unfortunately, that assumption can lead to expensive surprises years later. Federal retirement benefits come with rules that are very different from those found in the private sector. A single missing phrase in a court order can affect...
Category : Golden Years
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Eddie Murphy - Beverly Hills, $20 Million Being among the highest-paid actors in Hollywood comes with its own perks, like hefty paychecks that can enable people like Eddie Murphy to own several homes across the world. Even so, none of his mansions stand out like this one in Beverly Hills. The comedian purchased the ten-bedroom, 17-bathroom abode in 2001 and spent millions installing luxurious...
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Golden Years
For decades, retirement planning followed a simple formula. Pay off the house, build a 401(k), collect Social Security, and enjoy the quiet years. That formula worked when retirement lasted 10 or 15 years, and living costs stayed predictable. Now the math looks very different. Americans are living longer, housing costs are climbing faster than expected, and many retirees are running short on cash. A...